Sentences with phrase «economic theory does»

Economic theory does not take such problems into account.

Economic theory does not tell us anything about how much tax and transfer rates should vary as incomes rise.

Not exact matches

Their labor theory of value found its counterpart in the «economic rent theory of prices» to distinguish the necessary costs of production and doing business (reduced ultimately to the value of labor) from «unearned income» consisting mainly of land rent, monopoly rent, and financial interest and fees.

But it doesn't really fit with the new Trump Administration's expressed theories about trade and economic policy.

• Bad economic theory: Greenspan's «oops» moment came when he told Congress he found a flaw in his idea that bank executives would never do anything that would hurt the reputations, never mind the survival, of their institutions.

But reformers are up against Chicago School economists who have been endorsed because their anti-government theories are so self - serving to economic groups that don't want to be regulated at all.

Does it not enable a test bed for economic theories?

At a Brookings conference early that year, which focused on whether the US was ready for the next recession, Clarida said that despite the fact that textbooks and economic theory suggest forward guidance should not work in practice, it, in fact, does.

They didn't, because the theory of the Republican tax plan is completely different, namely that cutting corporate tax rates will incentivize more business investment in capital goods, thus spurring higher productivity, more economic growth, and higher wages over the long run.

Political and economic theories of communism have nothing to do with atheism.

But insofar as you do think there are differences between rightly understood Locke and the contemporary libertarian or classic liberal reading of natural rights applied to economic issues, perhaps you will wind up defending at least part of my theory.

Unfortunately, as long as economic theory views the natural world only in terms of its contribution to the market, Christian repentance will do little to end policies that are systematically destructive.

We don't look to it for answers in home repairs, or modern technology, or economic theory, or the laws of the State of New York.

As for the Pope's economic theories, the Pope by all appearances is an extremely intelligent man but you don't have to be very bright and only moderately observant to understand «trickle down economics» never worked and never will.

First, there is one challenge that does not lie outside standard economic theory although its seriousness is rarely acknowledged by economists.

The tightening network of economic and psychic bonds in which we live and from which we suffer, the growing compulsion to act, to produce, to think collectively which so disquiets us — what do they become, seen in this way, except the first portents of the super-organism which, woven of the threads of individual men, is preparing (theory and fact are at one on this point) not to mechanize and submerge us, but to raise us, by way of increasing complexity, to a higher awareness of our own personality?

Not only did Ibn - Khaldun plant the germinating seeds of classical economics, whether in production, supply, or cost, but he also pioneered in consumption, demand, and utility, the cornerstones of modern economic theory.

How do you explain the economic issues in other parts of the country using your economic theory?

Indeed, it seems to me that the «theory classes» made possible by the very success of capitalism do more to undermine wholesome culture than the temptations of the economic order itself.

You don't have to be an expert in public choice theory to understand that when the government owns companies that directly benefit from economic distortions, the incentives to remove those distortions are pretty low.

In the zeitgeist movie they claim the difference between communism is that they don't believe in unlimited resources, though I don't recall communism or any economic theory claiming there's unlimited resources.

While economic theory lends no general support to the idea that removing distortions from one market must lead to an improvement in general welfare, much free - market politics assumes that it does so.

This doesn't fit with economic theory, but it appears to be hard - wired into the brain.

Although these economic models have provided a strong and unifying foundation for the development of theory about decision - making, several decades of research on these topics has produced a wealth of evidence demonstrating that, in practice, these models do not provide a satisfactory description of actual human behavior.

Economic theory gives us the reason: The * first * thing that monopolies do is reduce R&D and, yes, Amazon has a virtual monopoly on e-readers in most major markets.

But that is based on part business hunch, part economic theory, and I also believe that 95 % of people who try it will fail - so whilst I'm a «zealot for the cause» if I had only one piece of advice for new authors it would be do your research - and from primary sources not secondary ones like my blog or yours.

Both sides use economic theory to try and predict the various benefits, and frankly, I tend to look at all economic predictions with a very skeptical eye because it is almost always blinded by political or self interest, or tries to argue «pure» economics that looks real good on paper, but doesn't take into account that humans rarely act completely in their actual best interest since emotions, ignorance, etc all get in the way.

Michael Kitces @ Nerd's Eye View writes Solving The Annuity Puzzle — Inflexibility For Handling Potential Health Care Shocks In Retirement — Economic theory suggests most retirees should utilize immediate annuities for lifetime retirement income, yet very few actually do.

Economic theory alone does a pretty poor job at explaining historical business cycles.

We need an economic theory that accepts the necessity of moderate booms and busts, where the government does little to try to correct the imbalances.

This theory would explain why investors react favorably to split announcements even though a stock split does not change each shareholder's ownership interest nor does it alter the financial or economic outlook for the company.

Many of these men that questioned market efficiency went down the same trail that I did; they were led by the data, which conflicted with neoclassical economic theory.

Economic theory assumed investors, on average, would make good, even optimal decisions in terms of maximizing their wealth: Real money was at stake, so people would do the thing that earned them the most.

The basic theory of the Permanent Portfolio is to select assets that do particularly well in the four possible economic conditions.

One reader asked me: David do you have a Top 10 book list on Economic Theory for beginners?

«The average museum director and curator don't have time to read about economic theory, climatic theory, biosciences,» says director Elizabeth Merritt.

Considering that, I would say that the greatest threat to real progress is modern economic theory, which still insists that «economists have done away with the notion of physical limits to growth.»

That's the basis of one of the fundamental flaws in modern economic theory — energy does not equal utility.

Nigel, do you really think there is nothing at all wrong with neo-classical economic theory?

I am confident that if the ice caps begin to collapse in earnest, economic theory will shift around to assert that we should not have put our descendants at risk in the way we are now doing.

Economics is voodoo, Commonses don't use economic theory, and any net growth is suicidal.

It's mostly about economic theory, but does get at one of the keystone concepts explored here — which is how many people, consuming how much stuff, can one livable planet support?

Instead of just noting conventional economic theories, you could do a great service by exposing Dot Earth and NYT readers to alternative economic perspectives.

Don't mix up the theory with the political / economic / social response.

«Even if the theory of global warming is wrong, we will be doing the right thing in terms of economic and environmental policy.»

On November 28, the paper told policymakers to ignore science because it could hurt jobs and increase economic hardship «in the name of global warming theories» its editors don't believe are valid.

Joanne Nova has another damning example of how graphs have been used to misinform the public, and it has to do with the relationship of CO2 to warming — the heart of the theory behind global warming and all these schemes to tax the world into economic oblivion:

«We don't think that PJM is making changes that are consistent with basic economic theory,» said Jennifer Chen at the Natural Resources Defense Council.

To call it Marxist I would like to see an element of collective ownership of the means of production, or historical determinism, or class analysis, or something else that is distinctly Marxist — these are idle thoughts, of course, since your average right - wing drone doesn't know economic / social theory from a hole in the ground.

Main Entry: so · cial · ism Pronunciation: \ ˈsō - shə - ˌli - zəm \ Function: noun Date: 1837 1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods 2 a: a system of society or group living in which there is no private property b: a system or condition of society in which the means of production are owned and controlled by the state 3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done.